Guideline Value for BANGALOWPUTHUR ROAD

Bangalowputhur Road guideline value

The current guideline value of Bangalowputhur Road is Rs 448 per sq.ft, effective from 1 July 2024. This road is located in Kangeyam village, under the Kangeyam Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Bangalowputhur Road has changed

The guideline value for Bangalowputhur Road has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 400 per sq.ft in the 2023 revision, and then rose again to Rs 448 per sq.ft in the 2024 revision, marking a 12% increase from the previous year. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%, but overall, from 2012 to 2024, there has been a 12% increase. The change from 2017 to 2023 saw a notable increase of 49%, reflecting a significant rise in the guideline value during that period.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO, with guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median guideline value for these streets is Rs 448 per sq.ft, which is the same as the current value for Bangalowputhur Road.

• Bangalowputhur Road First Street: Rs 448 per sq.ft (2024)
• Bangalowputhur Road Second Street: Rs 448 per sq.ft (2024)
• Bazanaimada Veethi: Rs 616 per sq.ft (2024)
• Bharathiar Nagar: Rs 448 per sq.ft (2024)
• Balaji Nagar: Rs 728 per sq.ft (2024)
• Bharathiar Street: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Bangalowputhur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value would be Rs 4,48,000. The stamp duty at 7% would amount to Rs 31,360, while the registration fee at 2% would be Rs 8,960, leading to a total cost of Rs 40,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bangalowputhur Road?

The Sub Registrar Office that covers Bangalowputhur Road is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kangeyam

The guideline value plays a crucial role in the registration process when buying or selling property in Kangeyam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties and fees, ensuring that they are based on a standard value rather than the negotiated sale price. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bangalowputhur Road?

The current guideline value of Bangalowputhur Road is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 448 per sq.ft in 2024.

What is the land classification for Bangalowputhur Road?

The land classification for Bangalowputhur Road is Residential Class II Type - I.

Where can I find the Kangeyam Sub Registrar Office?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

How is stamp duty calculated for properties in Bangalowputhur Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 448 per sq.ft, the total guideline value would be Rs 4,48,000, leading to a stamp duty of Rs 31,360.